Compromise Tax

Reasons to Value a Trust

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Reasons to Value a Trust

Recently I gave a lecture on the valuation of trusts.  While I am not an accountant nor am I a valuation expert, I live and breathe trusts… and frequently the question comes up, what is value of a particular beneficiary’s interest in a trust. Keep in mind, just because a trust is worth $1M, it […]

Dynasty Trust

Dynasty Trusts Explained

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Dynasty Trusts Explained

I am frequently asked about the best way to transfer wealth to younger generations.  Sometimes people feel that absent having a minor child, a problem child or a special needs child, there is no reason to set up a trust.  Often times they are correct and there is no reason create a trust because the […]

Commissions

Calculating Trustee Commissions in NJ

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Calculating NJ Trustee Commissions

From time to time, people ask me how executor’s commissions and trustee’s commissions should be calculated.  I have already written a post on calculating executor and administrator commissions, so this post will focus on Trustee commissions. New Jersey statutes on trustee commissions are very difficult to interpret because they use the term fiduciary to apply […]